Cinemark (CNK) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Cinemark Holdings (CNK) reported $942.3 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 26.6%. EPS of $0.80 for the same period compares to $0.17 a year ago.
The reported revenue represents a surprise of +7.04% over the Zacks Consensus Estimate of $880.32 million. With the consensus EPS estimate being $0.54, the EPS surprise was +48.15%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Cinemark performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average ticket price - U.S. Operating Segment: $9.62 versus $9.35 estimated by two analysts on average.
Average ticket price - International Operating Segment: $4.10 versus $4.16 estimated by two analysts on average.
Concession revenues per patron - U.S. Operating Segment: $7.64 versus $7.11 estimated by two analysts on average.
Attendance - International Operating Segment: 25.6 million versus 23.21 million estimated by two analysts on average.
Revenue- International Operating Segment- Admissions: $105 million compared to the $97.05 million average estimate based on two analysts. The reported number represents a change of +45.4% year over year.
Revenue- U.S. Operating Segment- Admissions: $373.40 million versus the two-analyst average estimate of $398.95 million. The reported number represents a year-over-year change of +20.6%.
Revenue- U.S. Operating Segment- Other: $65.20 million versus the two-analyst average estimate of $66.41 million. The reported number represents a year-over-year change of +15.4%.
Revenue- U.S. Operating Segment- Concession: $296.30 million versus the two-analyst average estimate of $303.25 million. The reported number represents a year-over-year change of +26.3%.
Revenue- International Operating Segment- Other: $25.30 million versus $26.03 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +28.4% change.
Revenue- Admissions: $478.40 million compared to the $465.62 million average estimate based on six analysts. The reported number represents a change of +25.3% year over year.
Revenue- Other: $90.50 million versus the six-analyst average estimate of $85.69 million. The reported number represents a year-over-year change of +18.8%.
Revenue- Concession: $373.40 million compared to the $344.55 million average estimate based on six analysts. The reported number represents a change of +30.6% year over year.
View all Key Company Metrics for Cinemark here>>>
Shares of Cinemark have returned +11.4% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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